Peoples Bancorp (NASDAQ:PEBO) Director Dwight Eric Smith Purchases 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith bought 1,000 shares of Peoples Bancorp stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average cost of $39.81 per share, with a total value of $39,810.00. Following the completion of the purchase, the director owned 10,256 shares in the company, valued at approximately $408,291.36. This trade represents a 10.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $42.23 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.84. The firm has a fifty day moving average of $37.20 and a 200 day moving average of $34.43. The firm has a market cap of $1.52 billion, a PE ratio of 12.76 and a beta of 0.62. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.79%. The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. As a group, research analysts predict that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 3rd. Peoples Bancorp’s payout ratio is 50.76%.

Analyst Ratings Changes

PEBO has been the topic of several research reports. Piper Sandler set a $46.00 target price on Peoples Bancorp in a research report on Wednesday, July 22nd. DA Davidson boosted their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Hovde Group upped their price objective on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Institutional Trading of Peoples Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Peoples Bancorp in the 4th quarter worth $1,817,000. UBS Group AG boosted its stake in shares of Peoples Bancorp by 391.8% during the 4th quarter. UBS Group AG now owns 198,742 shares of the bank’s stock worth $5,968,000 after acquiring an additional 158,327 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Peoples Bancorp by 211.5% during the third quarter. Tudor Investment Corp ET AL now owns 83,279 shares of the bank’s stock worth $2,498,000 after purchasing an additional 56,548 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Peoples Bancorp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,080,137 shares of the bank’s stock worth $62,467,000 after buying an additional 48,166 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Peoples Bancorp in the fourth quarter valued at approximately $889,000. 60.68% of the stock is owned by institutional investors and hedge funds.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.